18, PETREL WAY, HAWKINGE, FOLKESTONE, CT18 7GZ - £530,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

18 PETREL WAY is a very large detached house of 170m², built sometime between 2003 and 2006, which could now be worth an estimated £654,654. It was last sold for £530,000 in March 2019, which was around 24% above the average March 2019 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

18 PETREL WAY Sold Prices

Land registry data shows four sales for 18 PETREL WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. All of the four 18 PETREL WAY sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 21 MAR	£530,000	£427,319	24% above HPI
2017 9 NOV	£499,995	£408,829	22% above HPI
2013 20 DEC	£390,000	£299,675	30% above HPI
2004 2 APR	£374,000	£251,107	49% above HPI

18 PETREL WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Folkestone and Hythe local authority area over time, sourced from the HPI. The four 18 PETREL WAY sales between April 2004 and March 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2017 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the March 2019 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 18 PETREL WAY be worth now?

18 PETREL WAY might now be worth an estimated £654,654.

This is based on house price inflation of 23.5%, between March 2019 and February 2025, for detached houses, in the Folkestone and Hythe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.5% inflationary increase is applied to the most recent sale price for 18 PETREL WAY of £530,000 on 21st March 2019. For the value to have increased from £530,000 to £654,654 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of 18 PETREL WAY has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The March 2019 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of 18 PETREL WAY has not materially changed since March 2019.

How Large is 18 PETREL WAY?

18 PETREL WAY is 170m² according to the EPC inspection conducted in May 2013. This puts it in the largest 20% of detached houses houses in Hawkinge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hawkinge, and where 18 PETREL WAY lies on this distribution: 86% of detached houses houses are smaller than 18 PETREL WAY, and 13% of houses are larger. Note that EPC data is not available for all properties in Hawkinge.

18 PETREL WAY: Plot and Title Map

18 PETREL WAY sits on a plot of roughly 0.168 of an acre, or 678m². The below map shows the location of 18 PETREL WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 18 PETREL WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 18 PETREL WAY?

18 PETREL WAY is located in HAWKINGE, in the CT18 postcode district. The below map shows the position of No. 18 on PETREL WAY.